Multifamily - Debt

NorthMarq Capital

NorthMarq Capital’s Long Island office arranges $5.4 million refinance for Medford, New York multifamily property

NEW YORK CITY (May 10, 2018) – Charles Cotsalas, senior vice president/senior director of NorthMarq Capital’s Long Island regional office, and Robert Ranieri, senior vice president/managing director of NorthMarq Capital’s Rochester office, collaborate to negotiate the $5.4 million refinance of Medford Landing, a 102,144 sq. ft. multifamily property located at 100-500 Addison Place in Medford, New York. The transaction was structured with a 10-year term. NorthMarq arranged financing for the borrower through its seller/servicer relationship with Freddie Mac.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.